Good, but let's wait for the ink on the paper, eh? Saintsweb mentioned back when we took him that he'd apparently agreed to a verbal extension there as well, before reneging once Cortese was sacked. Vastly different circumstances, of course, but best to be sure.
All the same, good news. More so because of the size of the package we've apparently agreed with him (5 million pounds a season + bonuses), which is approaching what Wenger was reported to be earning back in 2012 (roughly 7 million pounds;
http://bleacherreport.com/articles/...he-arsenal-managers-yearly-salary-is-revealed). If we're willing to go to that length to persuade the manager that his place is here, I have high hopes for our ability to attract even the biggest names in world football if (well, when) Poch does eventually leave, especially if the new stadium is around by then to ease financial concerns still further. Also, given that Poch doesn't have an agent, it either shows how shrewd a negotiator he is or how desperate Levy was to keep him, both of which augur well for our future.
Also, it will probably convince Eriksen and Verts to sign, among others; can't say that hasn't been worrying me as the season draws to a close. On the whole, he's done a very good job this season. Excellent is dependent on the outcome of our final three games, but I don't think there's a single fan who feels ambivalent about the good news, and a good summer of strengthening key areas with the quality now on offer to us from (hopefully) being guaranteed a place in the CL group stages will see us return with an even better season next year, one way or another.